Dwelling » Markets » $PUMP surges over 20% after crew reportedly buys back nearly 3 billion tokens
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Jul. 16, 2025
Pump.fun deployed 118,351 SOL in a buyback, procuring PUMP at an moderate of $0.0064.
Key Takeaways
- Pump.fun transferred $30 million to a buyback address.
- $PUMP soared on the crew’s pass, briefly outranking $BONK.
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PUMP, the newly launched token from approved meme coin launchpad Pump.fun, has surged over 20% in the previous 10 hours amid experiences of a crew-led buyback.
The rally briefly pushed PUMP’s market capitalization to $2.4 billion, overtaking BONK. Alternatively, as of the time of writing, BONK has regained its lead, in conserving with CoinGecko recordsdata.
On-chain recordsdata tracked by Lookonchain shows that Pump.fun just lately transferred 187,770 Solana (SOL) value over $30 million to a delegated buyback address. Of that, the crew supplied 118,351 SOL to aquire nearly 3 billion PUMP at an moderate stamp of $0.0064.
Pumpfun(@pumpdotfun) ready 187,770 $SOL($30.6M) in rate earnings to aquire back $PUMP.
To this level, the buyback pockets has spent 118,351 $SOL($19.26M) to aquire 2.99B $PUMP at an moderate stamp of $0.0064.https://t.co/P1uqlkfdx6 pic.twitter.com/3chMjzkPsj
— Lookonchain (@lookonchain) July 16, 2025
After an ICO over the weekend that raised $500 million, Pump.fun launched its PUMP token on predominant crypto exchanges on Monday.
A large diversity of exchanges now offer space procuring and selling and deposits for PUMP, alongside with Coinbase, Bybit, MEXC, Bitget, Gate, KuCoin, and Hyperliquid, with the latter offering up to 5x leverage on perpetual contracts.
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